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Alenkasestr [34]
4 years ago
12

Describe how supply and demand impact the cost of a good of service

Business
1 answer:
VARVARA [1.3K]4 years ago
5 0

Answer:

see below

Explanation:

<u></u>

<u>Supply</u>

Supply is the volume of a product or service that suppliers are willing to sell at the market at the stated price. The quantities supplied have a direct impact on the price of the product or service.  The ideal volume is the equilibrium quantity, where there is no excess or short supply.  Both sellers and buyers are happy with the price at the equilibrium quantity.

Should supply exceed equilibrium quantity, there is an excess supply in the markets. Many suppliers try to sell to a few buyers.  Consequently, the prices decrease. When supply is below the equilibrium quantity,  it causes a shortage in the market. As buyers compete for the few available products and services, prices increase.

<u>Demand</u>

Demand refers to the quantities that buyers are willing to purchase at a given price in a period. There exist a direct and proportionate relationship between the demand and price of a product or a service. An increase in demand causes the price to rise. When the demand falls, the prices decline.

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g suppose that a commercial bank wants to buy treasury bills. these instruments pay $500 in one year and are currently selling f
Vinil7 [7]

Answer:

9.98%

Explanation:

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As per given data

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$500 payment each year for indefinite period of time is a perpetuity, value of perpetuity can be calculated as follow

Current Price = Annual Payment / Yield to maturity

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3 years ago
A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

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As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

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5 0
4 years ago
Local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. all cost de
OLEGan [10]

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6 0
3 years ago
12. When it comes to managing money, success
Deffense [45]

<u>Answer:</u> Option D

<u>Explanation:</u>

The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.

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